The global environmental sensor market is projected to reach $1.9 billion by 2028, at a CAGR of 8.5% during 2023-2028. The growth of environmental sensor market is driven by increasing use of environmental sensors in consumer goods like HVAC (heating, ventilation, and air conditioning) and air purifiers, and stringent government regulations to control air pollution.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the environmental sensor market by product type (temperature, humidity, air quality, ultraviolet, integrated, soil moisture, and water quality), location (indoor, outdoor, and portable), application (smart home automation, smart office automation, smart city, and others), end use industry (commercial, enterprise, consumer electronics, residential, healthcare and pharmaceutical, government agencies and public utilities, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the environmental sensor market?
Q.4 What are some changing demands of customers in the environmental sensor market?
Q.5 What are the new developments in the environmental sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this environmental sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this environmental sensor market?
Based on location, the environmental sensor market is segmented into indoor, outdoor, and portable. The indoor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to technological advancements, such as Wi-Fi, ZigBee, and bluetooth has increased the usage of these sensors in monitoring air quality of indoor environment.
North America will remain the largest region due to the increasing application of these sensors in the commercial and HVAC applications and strict government regulations for the protection of the environment in the region.
Key Players in the environmental sensor market are Bosch Sensortec, Sensirion, ams AG, Honeywell, and Siemens.
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